FX RATES AND USDINR FWDS

Major developments:
USD is now at 72.69. USDINR opened at 72.75. Rupee is expected to remain firm till 73.20 is not breached. Expect 72.60-72.75 range for the day. 
 
RBI ref rates:
 
-USDINR is at 72.69. Prior day’s close was 72.78.
-Indian Equity indices climb.
-Indian 10 year G-SEC yield is at 5.98%.
-USDINR 1 yr fwd premia is at 5.24%.
USDINR @ 72.69, EUR/USD 1.2195, GBP/USD @ 1.4118, USD/JPY @ 109.10, EUR/INR @ 88.65, GBP/INR @ 102.63
JPY/INR @ 66.63
Gold@1900, WTI Crude @ 65.97, Nifty @ 15326(+25), 10 Year G-SEC @ 5.98%.

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